U.S. Housing Market
Mortgage Rates Inch Up Slightly
The 30-year fixed-rate mortgage averaged 6.30% as of Sept. 25, up from last week when it averaged 6.26%. Continue Reading Mortgage Rates Inch Up Slightly
Existing Home Sales Remain Flat
“Home sales have been sluggish over the past few years due to elevated mortgage rates and limited inventory,” said NAR Chief Economist Lawrence Yun. Continue Reading Existing Home Sales Remain Flat
Listings Go Live at Brooklyn’s Tallest Residential Tower
The Brooklyn Tower features 143 luxury condominiums available for immediate occupancy. Continue Reading Listings Go Live at Brooklyn’s Tallest Residential Tower
Foreign Interest in US Housing Continues to Rise, But Not Among Canadians
Austin and San Antonio attracted new levels of attention in the first quarter. Continue Reading Foreign Interest in US Housing Continues to Rise, But Not Among Canadians
Platform Ventures Launches Multifamily Development Unit
The company “believes multifamily housing offers a blend of stability, income generation, and long-term growth potential.” Continue Reading Platform Ventures Launches Multifamily Development Unit
Middle-Income Homeowners Gained $122K in Wealth Over the Past Decade
Homeowners in expensive metro areas experienced the largest wealth gains. Continue Reading Middle-Income Homeowners Gained $122K in Wealth Over the Past Decade
Consumers Lose $106K on Average to Real Estate Wire Fraud
CertifID determined that 74% of wire fraud recovery requests came from consumers in 2022. Continue Reading Consumers Lose $106K on Average to Real Estate Wire Fraud
Fannie Mae: Q1 Single-Family Home Prices Up 4.7%
Fannie Mae measured the price change for all U.S. single-family properties except condos. Continue Reading Fannie Mae: Q1 Single-Family Home Prices Up 4.7%
Builder Confidence in Mild Uptick
“Currently, one-third of housing inventory is new construction, compared to historical norms of a little more than 10%,” added NAHB Chief Economist Robert Dietz. Continue Reading Builder Confidence in Mild Uptick
A Phil Hall Op-Ed: Lower Those Mortgage Rates…Or Else?
The threat by homebuyers to sit on the sidelines until mortgage rates continue to decline is not an act of idle petulance. Continue Reading A Phil Hall Op-Ed: Lower Those Mortgage Rates…Or Else?
Most Homeowners Waiting for Mortgage Rates to Drop Before Selling
he survey found 85% of potential sellers were happy with the amount of equity they have in their home. Continue Reading Most Homeowners Waiting for Mortgage Rates to Drop Before Selling
Survey Finds Homeowners Delaying Improvement Projects Due to Inflation
Energy efficient renovation were high on the list of 59% of the surveyed homeowners. Continue Reading Survey Finds Homeowners Delaying Improvement Projects Due to Inflation
UMH Properties Pays $2.3M for 30-Acre Ohio Manufactured Housing Site
“This entitled land provides us with a pipeline of new sites to generate profitable sales and should result in improved operating results,” said Samuel A. Landy, president and CEO at UMH Properties. Continue Reading UMH Properties Pays $2.3M for 30-Acre Ohio Manufactured Housing Site
US Rents Post First YOY Decline in Three Years
The major metro areas with the greatest year-over-year rent declines were Austin (-11%), Chicago (-9.2%), New Orleans (-3%), Birmingham (-2.9%) and Cincinnati (-2.9%). Continue Reading US Rents Post First YOY Decline in Three Years
New Record Set on Median Apartment Rents in Manhattan
Manhattan’s apartment vacancy rate inched up from 2.30% in February to 2.54% in March. Continue Reading New Record Set on Median Apartment Rents in Manhattan
